Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$225,847$225,847$400,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$174,653$0
Funding fee$0$0$0
Note rate4.370%4.370%7.320%
Blended rate5.220%6.432%7.560%
1st payment$1,312.58$1,312.58$2,751.16
2nd payment$0.00$1,164.35$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$186.32$186.32$80.10
HOA / mo$507.00$507.00$507.00
Total monthly$2,526.74$3,691.09$3,859.09
Cash to close$219,153$44,500$44,500